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The Houston Astros have just announced that they have signed former Boston Red Sox infielder Bill Hall to a one-year contract worth $3 million. The deal also includes a mutual option for the 2012 season. The option is worth $4 million and carries a $250,000 buyout if the club opts out of the contract.

With the signing of Hall total payroll allocation for free agents this off-season, that includes multi-year deals, is now over $1 billion ($1,000,380,000) for 69 players or an average of $14,498,261. Thirty-four players or almost exactly half the free agent contracts so far this off-season signed 1-year contracts. Those one-year deals account for $114,430,000, or an average of $3,365,588.